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Rate jitters extend lossesStocks edge down, pausing rallyStocks weaken on earnings and jobless dataThis summary was created by AI, based on 1 opinions in the last 12 months.
Experts are positive about Seagate Technology as they believe that memory chips are bottoming, and management has shown confidence by standing behind its 4.8% dividend yield. This indicates stability and potential for growth in the future. The company's strategic positioning and steady dividend yield contribute to its overall attractiveness. Overall, there is a sense of optimism surrounding Seagate Technology's current position and future prospects.
Seagate just reported a great quarter.
Just bought this for the first time. AI is driving a new refresh cycle in PCs. Also, we haven't upgraded PCs in 4-5 years. Dell just said their PC business was up 3% instead of the expected -2%. HPQ will see growth in the second half of this year, for the first time in 2 years. Also, AMD said last Sunday that their AI PC chips are 5x the speed of existing chips. Seagate leads this sector. Gross margins are poised to go higher. Margins could expand 1,000 basis points year over year. They have pricing power and volumes are rising. She might be early on it, but that's fine.
Memory chips are bottoming now and management just stood behind its 4.8% dividend yield.
Technically, this has rolled over and has a lot of work to do. The company has continued to have earnings beat, which is always a good thing. However, they are flat lining. Dividend yield of almost 7%.
This is in the business of making hard drives, and can be quite a volatile stock. The pricing for disk drives and some of the components they make can be very, very volatile. That can lead to volatility in earnings.
(Market Call Minute.) He likes the stock. Has very strong valuations. 26X PE. Good yield.
Seagate Technology is a American stock, trading under the symbol STX-Q on the NASDAQ (STX). It is usually referred to as NASDAQ:STX or STX-Q
In the last year, 3 stock analysts published opinions about STX-Q. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Seagate Technology.
Seagate Technology was recommended as a Top Pick by on . Read the latest stock experts ratings for Seagate Technology.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Seagate Technology In the last year. It is a trending stock that is worth watching.
On 2024-08-30, Seagate Technology (STX-Q) stock closed at a price of $99.5.
A buy off of Dell's strong earnings report.